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Nov 9, 2012
11/12
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an entirely new pursuit. >>> beijing has more scope to ease if necessary. ppi industrial drought put, retail sales all better than forecast. eunice, good to see you. all this better data, on the day we get the part i congress out. that's very handy, isn't it? >> it is and i'm glad that i was back. i was frozen before and getting worried that the chinese government was trying to censor move. a lot of people here believe that the economy has bottomed out. fixed asset investment as well as the factory output came in quite strongly. so a lot of people are saying that that part of the equation, the investment part, came in quite well. and the other side of the equation which a lot of people are hoping will grow is the consumption element of the economy. and retail sales numbers came in quite healthy at 14.5% growth. that actually beat analyst expectations, also a lot of it driven by sales of food and automobiles. people are saying that we're really starting to see some rebalancing here, although of course consumption still as a percentage of gdp is just not quit
an entirely new pursuit. >>> beijing has more scope to ease if necessary. ppi industrial drought put, retail sales all better than forecast. eunice, good to see you. all this better data, on the day we get the part i congress out. that's very handy, isn't it? >> it is and i'm glad that i was back. i was frozen before and getting worried that the chinese government was trying to censor move. a lot of people here believe that the economy has bottomed out. fixed asset investment as...
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Nov 8, 2012
11/12
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beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having trouble with your sound. we'll get the bite rolled as soon as we can. when we hear from -- i'd like to go back to eunice if we can to stay on this issue. but there's been a lot of focus in the last couple of days as to whether china's
beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really...
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Nov 9, 2012
11/12
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beijing inflation continues to cool. >>> and we'll hear from the cfo of alliance. >>> and credit agricole pay as steep price to exit greece. it posts a loss in its third quarter. >>> i'm afraid there's only one day left this week to enjoy the if stuff here on on "worldwide exchange." >> but there are two of us. you're back. >> i'm back here. eyes are getting better. >> glasses are gone. >>> so on today's program, we'll
beijing inflation continues to cool. >>> and we'll hear from the cfo of alliance. >>> and credit agricole pay as steep price to exit greece. it posts a loss in its third quarter. >>> i'm afraid there's only one day left this week to enjoy the if stuff here on on "worldwide exchange." >> but there are two of us. you're back. >> i'm back here. eyes are getting better. >> glasses are gone. >>> so on today's program, we'll
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Nov 5, 2012
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analysts warn that provoking beijing could put bilateral trade at risk. joining us for more, chairman of the asian pacific council at the american chambers of down. steven, are you fearful if we had a president romney because of his threats against china? >> no, the rhetoric is more than it should be, but that's what we expect in the business community. we generally move forward in terms of our economic and trade relations with china be it a democratic administration or republican administration. the message we would give to a second obama term or a first romney term will be the same when it comes to china which is tip to focus on bilateral and multilateral to address trade issues. >> are you comfortable that's going to happen? sg yes. if you look at all much of the avenues we have to deal with china, there's the jcct, the joint commission on commerce and trade, the strategic and economic dialogue, that was started in the bush administration, continued in the obama administration. you have all the remedies under the wto such as the latest tire case that w
analysts warn that provoking beijing could put bilateral trade at risk. joining us for more, chairman of the asian pacific council at the american chambers of down. steven, are you fearful if we had a president romney because of his threats against china? >> no, the rhetoric is more than it should be, but that's what we expect in the business community. we generally move forward in terms of our economic and trade relations with china be it a democratic administration or republican...
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Nov 6, 2012
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eunice is following all of this out of of beijing. >> thanks so much. well, we're expecting to see falling prices for october and that's going to be welcome news for those increasingly frustrated with the wealth gap here. it will be a key challenge to the administration. >> he used to live in this neighborhood but now only collects trash here. because rising prices, he was forced to move out long ago. i've never been inside, he says, it's so expensive there. who can afford it. rita manages a property consulting firm of 70 people near by and has little regard for his plight. stop complaining. just think about how you can make it, she says. the problem is more and more people here feel they can't. when ping takes power, one of his biggest challenges will be how to help those left out of nation's economic miracle. fast growth has lifted hundreds of millions out of poverty, yet everyone is not benefiting equally. more than 100 million people still live on $1 a day in a country that's home to the se second largest number of billionaires behind the united sta
eunice is following all of this out of of beijing. >> thanks so much. well, we're expecting to see falling prices for october and that's going to be welcome news for those increasingly frustrated with the wealth gap here. it will be a key challenge to the administration. >> he used to live in this neighborhood but now only collects trash here. because rising prices, he was forced to move out long ago. i've never been inside, he says, it's so expensive there. who can afford it. rita...
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Nov 16, 2012
11/12
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eunice yoon, cnbc, beijing. >> we'll take a quick break. but stick around, still to come on the program, we're going to get the very latest on the situation in gazaed according to the latest reports a three hour cease fire has failed to hold. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express r 22nd for christmas delivery. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. >>> want to bring you news out of japan. we're hearing from prime minister noda about trade relations, he says he'd like to join the tpp and set up a pre-trade agreement. he says he's still pursuing the path towards no nuclear energy by 2030. he says big election issues will be energy and economy. we may hear more from him with regard to stimulus or the elect
eunice yoon, cnbc, beijing. >> we'll take a quick break. but stick around, still to come on the program, we're going to get the very latest on the situation in gazaed according to the latest reports a three hour cease fire has failed to hold. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express r 22nd for christmas delivery. with...
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Nov 14, 2012
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eunice is in beijing with more. just run us through how this pans out and what we sort of know at the moment. do we know any more details on numbers of that bureau? >> reporter: well, they're supposed to be about 25, but right now we're in a very critical period in this leadership selection process, because the central committee, which is a very powerful committee, has already been chosen. that happened this morning. and the 200 or so people who are on that committee are now going to be deciding on who is going to be in the innermost circle of power. as well as the upper elite, so those people are among the standing committee. so the current vice president as well as the vice premier are likely to be on that standing committee if they are indeed going to be elevated to the position of party chiefs, which most people expect. but at this stage, we know that there's a lot of jock i canning for position at this stage. because the country is at a kros road -- crossroads. many people expected him to really try to have a l
eunice is in beijing with more. just run us through how this pans out and what we sort of know at the moment. do we know any more details on numbers of that bureau? >> reporter: well, they're supposed to be about 25, but right now we're in a very critical period in this leadership selection process, because the central committee, which is a very powerful committee, has already been chosen. that happened this morning. and the 200 or so people who are on that committee are now going to be...
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Nov 22, 2012
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stocks in shanghai down on worries it means beijing may rein in stimulus. a rebound in the euro season economy that is still fairly elies sif. latest pmi figures showing the region continuing to shrink in november. and no sign of compromise as eu leaders are arriving this brussels. palestinians pour on to the streets to celebrate at a brokered cease fire ends eight days of deadly strikes between israel and hamas. should you have woken up early state side and you've tuned in, happy thanksgiving to you. of course it means there are no u.s. markets open today. they are closed. so we're trading without the united states. ire pea an stocks are trying to make it four days of gains. we were only up marginally for the ftse yesterday. just three points. ftse 100 up nearly half a percent. cac 40 up a third. spain up 0.8%. yields are lower across the board. ten year yields are also lower. 5.66% as are italian yields back down to 4.8%. fairly comfortable. let's show you you the reaction on the three issues. a three years, five year and nine year. and you can see yields
stocks in shanghai down on worries it means beijing may rein in stimulus. a rebound in the euro season economy that is still fairly elies sif. latest pmi figures showing the region continuing to shrink in november. and no sign of compromise as eu leaders are arriving this brussels. palestinians pour on to the streets to celebrate at a brokered cease fire ends eight days of deadly strikes between israel and hamas. should you have woken up early state side and you've tuned in, happy thanksgiving...
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Nov 15, 2012
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. >>> also coming up, we'll be live in beijing with updates throughout the show as xi jinping it takes over as the head of the communist party. we'll be in frankfurt for a look at how that economy has been affected. gdp showing a slowdown for germany in the third quarter. and we'll hear from the former head of the council of economic advisers austan goolsbee on how the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the yen is falling as a repeated call for bold monetary easing. and we'll be live in new york 5:45 a.m. for a look at the u.s. retail sector. walmart and target getting set to release third quarter numbers. >>> chig that's ruling com uhe nus party has lifted the curtain. the unveiling seals so s xi jins rise. hu has seeded oig all powers and that's gives china's next leader a strong mandate. eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country th
. >>> also coming up, we'll be live in beijing with updates throughout the show as xi jinping it takes over as the head of the communist party. we'll be in frankfurt for a look at how that economy has been affected. gdp showing a slowdown for germany in the third quarter. and we'll hear from the former head of the council of economic advisers austan goolsbee on how the u.s. can avoid falling off the fiscal cliff. plus we'll take you live to tokyo with japan hit by election fever. the...
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Nov 21, 2012
11/12
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and what do the chief cops in beijing say? we spoke to gao feng, deputy head of china's anti-counterfeiting police unit. from what we've seen, sir, counterfeiting is tolerated. obviously the authorities know about this, and yet, the shopping mall is open, the markets are open. >> [speaking foreign language] >> this phenomenon does exist. i admit its existence, but there's a question of how hard you crack down. that's because, under chinese law, someone cannot be prosecuted only because he sells a small quantity of fake products. >> in 2003, there were about 1,000 police raids, often followed by press conferences and displays of the seized goods. but american companies say that's what it amounts to: a display. that's because, unless a counterfeit really hurts people seriously, the fines imposed by the authorities are very low. and the relationship between the cops and the counterfeiters is often less confrontational than cozy. >> i remember going on a raid one time, in which the counterfeiter and the local enforcement official
and what do the chief cops in beijing say? we spoke to gao feng, deputy head of china's anti-counterfeiting police unit. from what we've seen, sir, counterfeiting is tolerated. obviously the authorities know about this, and yet, the shopping mall is open, the markets are open. >> [speaking foreign language] >> this phenomenon does exist. i admit its existence, but there's a question of how hard you crack down. that's because, under chinese law, someone cannot be prosecuted only...
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Nov 13, 2012
11/12
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shanghai lost the most on speculation that beijing may cut gas prices out as early as tomorrow. so we'll be watching out for that closely when the markets start back up again. nikkei 225 extending losses. this is the seventh straight session ended in the red. today down 0.2%. a lot going on in the markets. we have the disappointing q3 gdp number and today worries growing that there could be an election before the end of the year and affecting all of these markets is of course the u.s. fiscal cliff and also problems in europe particularly greece. so the s&p axs 200 also down 1.53%. this is a market ignoring the improving data out of china. as all of these markets are. the kospi floated around the 1900 level for much of the day. in the end, losing 0.6%. and htc, i also want to bring your attention here for just a moment because this was limit up yesterday. today it is limit down. of course some ueuphoria yesterdayed because it settled its patent dispute with apple. today taiwanese echange investigating some usual moves ahead of that. >>> quite a big auction, 6.5 billion euros. and
shanghai lost the most on speculation that beijing may cut gas prices out as early as tomorrow. so we'll be watching out for that closely when the markets start back up again. nikkei 225 extending losses. this is the seventh straight session ended in the red. today down 0.2%. a lot going on in the markets. we have the disappointing q3 gdp number and today worries growing that there could be an election before the end of the year and affecting all of these markets is of course the u.s. fiscal...
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Nov 28, 2012
11/12
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he said beijing will have to reduce its government-led investments so it can free up banks. the pboc will have to lower interest rates to help local governments. joining us now, brook mcconnell, president of south ocean management, for more on just what's happening with the chinese equity market. hi, brook. and deirdre just mentioned that this is a retail-driven market. so is this retail-driven weakness? >> yes. exactly. a lot of bearishness. there are a lot of investors sitting on losses. they've been waiting for the new government to come in and get them out of their losses. the new government is still organizing itself and has not put out any policy right yet. so the sentiment, as was indicated, is extremely bearish, which is a positive if you're a contrarian investor like we are. >> it's interesting, because we have heard from a lot of institutional investors lately that they like china. they see opportunity there as they start to look at the lag effects of monetary policy working through next year. they like what they're seeing in some of the early loan data. perhaps it
he said beijing will have to reduce its government-led investments so it can free up banks. the pboc will have to lower interest rates to help local governments. joining us now, brook mcconnell, president of south ocean management, for more on just what's happening with the chinese equity market. hi, brook. and deirdre just mentioned that this is a retail-driven market. so is this retail-driven weakness? >> yes. exactly. a lot of bearishness. there are a lot of investors sitting on...
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Nov 7, 2012
11/12
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we'll bring you the coverage from beijing. the hang seng was also supported by commodity stocks. elsewhere, south korea's kospi turned higher post-election as foreign investors became net buyers. meanwhile, minors slipped support to the aussie market. lastly, index higher by .4 of a percent. >> asian leaders have also been lining up to congratulate the re-elected president obama. china's president a day away from his country's own leadership handover acknowledged what he called positive progress. the australian prime minister and the japanese prime minister also extended best wishes to president obama for his second term. >> okay. stick around. there's still plenty more ahead on the program. it's not just about the presidential election, of course. american voters have also cast their ballot on some very devicive issues. [ female announcer ] e-trade was founded on the simple belief that bringing you better technology helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform
we'll bring you the coverage from beijing. the hang seng was also supported by commodity stocks. elsewhere, south korea's kospi turned higher post-election as foreign investors became net buyers. meanwhile, minors slipped support to the aussie market. lastly, index higher by .4 of a percent. >> asian leaders have also been lining up to congratulate the re-elected president obama. china's president a day away from his country's own leadership handover acknowledged what he called positive...
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Nov 9, 2012
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there are negotiations for the president to travel to tehran in a deal much like nixon went to beijing. that is on the table. that's part of the negotiations. >> problem for tehran, i've never heard that before, john. >> it's been reported for some time. my information is consistent over a long period of time. the president has had this ambition since he first took office in 2009. he hoped to do it in february of 2012, the 40th anniversary of mr. nixon's trip. that failed and now he's looking to the spring of 2013. a handshake with the supreme leader and peace in our time. >> and we actually believe we, we, our supreme leader, actually believes that that will stop iran not only from developing nuclear weapons but also from whatever they're doing, subsidizing syria, hezbollah, h hamas, in bed with russia. we believe they're going to come clean, straighten out, have some kind of burning bush moment. >> yes. that's the word. the obama administration believes the ambition is endorsed by the american people. they will go forward. >> what about israel in this scenario? what are they going to
there are negotiations for the president to travel to tehran in a deal much like nixon went to beijing. that is on the table. that's part of the negotiations. >> problem for tehran, i've never heard that before, john. >> it's been reported for some time. my information is consistent over a long period of time. the president has had this ambition since he first took office in 2009. he hoped to do it in february of 2012, the 40th anniversary of mr. nixon's trip. that failed and now...
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Nov 8, 2012
11/12
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beijing prepares to unveil its new leadership amid a slowing economy and growing demands for a more accountable and transparent government. our chief international correspondent michelle caruso-cabrera joins us with more on this historic moment. >> it is historic for a number of reasons and we hold an election for president every four years and over in china, every ten years there's a change in the leadership of the communist party and no election, they do it behind closed doors and every ten years, once in a generation change, they call it and it's the first time in modern history that it's happened so close to the u.s. presidential election. we've heard about hu jintao and wen jiabao and it used to be xi gin ping and li keqiang. the question for u.s. investors, the new leadership will it continue free market reforms. let me tell you about president xi, very pro-market and said to be a good friend of hank paulson. mr. li is are much more of a statist, a populist and he's the premiere, the incoming premiere and far more interested in social wed fair awelfare and, t different types of thinkers a
beijing prepares to unveil its new leadership amid a slowing economy and growing demands for a more accountable and transparent government. our chief international correspondent michelle caruso-cabrera joins us with more on this historic moment. >> it is historic for a number of reasons and we hold an election for president every four years and over in china, every ten years there's a change in the leadership of the communist party and no election, they do it behind closed doors and every...
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Nov 30, 2012
11/12
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. >> i went to beijing for a day. >> reporter: their mission, miles. lots and lots of them. >> once you get started it is kind of like a bug. >> reporter: it's called a mileage run. trips where the journey, not the destination, is the sole objective. mile masochists. you might consider them crazy. after all, why would you ever spend more time in an airport or an airplane than you possibly had to? is this sport for you? >> it is a game. >> reporter: gaming the system by finding cheap fares with long routes to accrue airline status levels, perks, and most importantly, frequent flyer miles for future freebies. >> to know me is to fly with me. >> reporter: think up in the air. >> the miles are the goal. >> reporter: brian cohen seeks out extreme itineraries. >> i went from atlanta to pittsburgh to watertown new york to pittsburgh to then santa ana, to san francisco to pittsburgh to santa ana for less than $75. >> reporter: how do you find fares like this? monitor these travel websites, set fare alerts and when you find a steal, buy it immediately because t
. >> i went to beijing for a day. >> reporter: their mission, miles. lots and lots of them. >> once you get started it is kind of like a bug. >> reporter: it's called a mileage run. trips where the journey, not the destination, is the sole objective. mile masochists. you might consider them crazy. after all, why would you ever spend more time in an airport or an airplane than you possibly had to? is this sport for you? >> it is a game. >> reporter: gaming the...
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Nov 8, 2012
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up the economy and eventually lead to more opportunities for american companies. >> eunice yoon in beijing, fascinating story taking shape. some of the pictures of the national people's communist party and only eight years away to double per capita income of the people. a tall order. >> the ceremony is extraordinary. they go in to the meeting and then week a later walk out of the chambers in the order of seniority. that's how you know the leadership has been chosen. >> right. >> so it's a fascinating week ahead in china. speaking of china, a company looking to get out right now of china, mary thompson's got the story. >> hay there, melissa. monster online. the shares up 17%, 16.5% today. the company is announcing a restructuring aimed to save about $130 million annually and part of that selling the china business. this on the heels of the company reporting a third quarter loss and providing positive guidance for the current quarter and expects to earn between five and ten cents a share. so there you can see its shares up 17% on the news. melissa, back to you. >> mary thompson, thanks for t
up the economy and eventually lead to more opportunities for american companies. >> eunice yoon in beijing, fascinating story taking shape. some of the pictures of the national people's communist party and only eight years away to double per capita income of the people. a tall order. >> the ceremony is extraordinary. they go in to the meeting and then week a later walk out of the chambers in the order of seniority. that's how you know the leadership has been chosen. >> right....
WHUT (Howard University Television)
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Nov 8, 2012
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he joins us from beijing. james? >> reporter: yes, gene, it's a brisk 7 degrees celsius here in beijing, and the city is now abuzz that the congress is under way. signs and banners bearing slogans are everywhere. some read "cheers to the great chinese communist party," for without the communist party, there would be no new china. this is a major political event, and authorities carefully orchestrate every detail. i went for a tour of beijing to see what they've done. signs of the congress are everywhere in beijing. flowers, elegant decorations and banners. when i got into a taxi, i found another sign. ahead of the party congress, local authorities here in beijing have instructed all taxis to take the handles off so that people can't open the windows. chinese authorities are trying to prevent activists from throwing antigovernment leaflets out of the windows of moving taxis. police in beijing have put strict traffic checks in place for vehicles entering the capital. government authorities have mobilized an army of vol
he joins us from beijing. james? >> reporter: yes, gene, it's a brisk 7 degrees celsius here in beijing, and the city is now abuzz that the congress is under way. signs and banners bearing slogans are everywhere. some read "cheers to the great chinese communist party," for without the communist party, there would be no new china. this is a major political event, and authorities carefully orchestrate every detail. i went for a tour of beijing to see what they've done. signs of...
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Nov 12, 2012
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eunice has more on this report from beijing. >> ahead of the leadership transition, chinese policymakers are painting a rosy picture of the economy. they said it's turning a corner and that he's confident the country will meet its full year economic target of 7.5%. the export data for october also came in surprisingly strong thanes to better than expected sales to the united states and even europe. it's important to note, though, that trade officials see challenges ahead. most recently, over solar panels. the u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. b
eunice has more on this report from beijing. >> ahead of the leadership transition, chinese policymakers are painting a rosy picture of the economy. they said it's turning a corner and that he's confident the country will meet its full year economic target of 7.5%. the export data for october also came in surprisingly strong thanes to better than expected sales to the united states and even europe. it's important to note, though, that trade officials see challenges ahead. most recently,...
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Nov 8, 2012
11/12
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he joins us from beijing. james? >> reporter: yes, gene, it's a brisk 7 degrees celsius here in beijing, and the city is now abuzz that the congress is under way. signs and banners bearing slogans are everywhere. some read "cheers to the great chinese communist party," for without the communist party, there would be no new china. this is a major political event, and authorities carefully orchestrate every detail. i went for a tour of beijing to see what they've done. signs of the congress are everywhere in beijing -- flowers, elegant decorations and banners. when i got into a taxi, i found another sign. ahead of the party congress, local authorities here in beijing have instructed all taxis to take the handles off so that people can't open the windows. chinese authorities are trying to prevent activists from throwing antigovernment leaflets out of the windows of moving taxis. police in beijing have put strict traffic checks in place for vehicles entering the capital. government authorities have mobilized an army of v
he joins us from beijing. james? >> reporter: yes, gene, it's a brisk 7 degrees celsius here in beijing, and the city is now abuzz that the congress is under way. signs and banners bearing slogans are everywhere. some read "cheers to the great chinese communist party," for without the communist party, there would be no new china. this is a major political event, and authorities carefully orchestrate every detail. i went for a tour of beijing to see what they've done. signs of...
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Nov 13, 2012
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makoto oda, nhk world, beijing. >>> cradle of culture. economic powerhouse. many enjoy the fruits of pros r prosperi prosperity along the path to a new china. but millions are missing out. at a time of growing public discontent, members of the communist party are choosing their new leaders. "newsline" correspondents are reporting from the party's national congress. don't miss our special coverage, "china: the next generation," 8:00 p.m. japan time here on "newsline." >>> two south korean presidential candidate who is joined forces for next month's election are now thrashing out which one will stand. unaffiliated politician ahn cheol-soo and moon jae-in of the democratic united party struck a deal last week that they won't stand against each other. south koreans have shown in polls that a joint candidate would match the support rate of front-runner park geun-hye from the ruling saenuri party. members of both camps are currently discussing how to decide on who would stand. local media have vaunted the idea of a tv debate and an opinion poll. both sides say a de
makoto oda, nhk world, beijing. >>> cradle of culture. economic powerhouse. many enjoy the fruits of pros r prosperi prosperity along the path to a new china. but millions are missing out. at a time of growing public discontent, members of the communist party are choosing their new leaders. "newsline" correspondents are reporting from the party's national congress. don't miss our special coverage, "china: the next generation," 8:00 p.m. japan time here on...
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nhk world's james tengan is in beijing covering the congress. james. >> reporter: the discussions and deal-making are coming the a climax. roughly 2300 delegates of the congress will pick about 200 members for the communist party central committee. then wednesday, the congress will close. the next day around 20 individuals from the central committee will be chosen to sit on the party's political bureau. after that officials further whittle down the list to see who will be on the plight bureau's standing committee, china's top decision making body. analysts say xi jinping will replay hu jintao in the job of general secretary. they also say the number of politburo standing committee members will be reduce prd the current nine to seven to speed up the decision-making process. if that forecast is correct, seven people will essentially run a nation of 1.3 billion. it's how china's one-party system has functioned for years. but democracy activists consider that system dysfunctional, and they say the communist party under hu jintao has continued to sto
nhk world's james tengan is in beijing covering the congress. james. >> reporter: the discussions and deal-making are coming the a climax. roughly 2300 delegates of the congress will pick about 200 members for the communist party central committee. then wednesday, the congress will close. the next day around 20 individuals from the central committee will be chosen to sit on the party's political bureau. after that officials further whittle down the list to see who will be on the plight...
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exports dropped sharply amid territorial tensions between tokyo and beijing. it indicates the world's third biggest economy is inching closer to recession. this means the country would have seen its fifth technical recession in 15 years. at the same time, japan's opposition party promised a massive easing blitz meant to pull the economy out of its funk. that's if the ldp returns to power on december 16th. he promised to compile a large extra budget. he's also it rated calls to lift calls above the 1% target. >> translator: we should target inflation of 2% to 3%. i prefer 3%, but i will leave that up to the experts. i have never said the boj should directly buy bonds from the government. they should buy them from the market. >> his party is also considering the revision of the bank of japan law. yesterday the bank of japan chief hit back saying it was unrealistic. >>> just the latest in japan. let's get the market report kicked off by sixuan. >> let me start off with japan. the nikkei rallied, shrugging off the trade data. auto majors such as toyota and nissan
exports dropped sharply amid territorial tensions between tokyo and beijing. it indicates the world's third biggest economy is inching closer to recession. this means the country would have seen its fifth technical recession in 15 years. at the same time, japan's opposition party promised a massive easing blitz meant to pull the economy out of its funk. that's if the ldp returns to power on december 16th. he promised to compile a large extra budget. he's also it rated calls to lift calls above...
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george alagiah in beijing. no honeymoon, no time to kick back and enjoy the election victory because of a straight back to business for president obama. on top of his agenda, avoiding the so-called fiscal cliff, the round of tax rises and spending cuts which will be triggered just a few weeks' time. if a budget deal is not reached with the republicans. this report from washington. >> the president returns to washington, for the white house for four more years. he visited his campaign workers to thank them and many here are marveling about the effectiveness of his get-out- the-vote effort. that you washington, well, politics and an urgent task for the reelected president -- what to do about the so-called fiscal cliff? massive automatic tax rises and spending cuts are imminent unless republicans in congress in the president can agree on how to avert them. >republican leaders expressed willingness to compromise. >> mr. president, this is your moment. we are ready to be lead. not as democrats or republicans, but as
george alagiah in beijing. no honeymoon, no time to kick back and enjoy the election victory because of a straight back to business for president obama. on top of his agenda, avoiding the so-called fiscal cliff, the round of tax rises and spending cuts which will be triggered just a few weeks' time. if a budget deal is not reached with the republicans. this report from washington. >> the president returns to washington, for the white house for four more years. he visited his campaign...
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delegates are wrapping up their national congress in beijing. behind the scenes some are debating the extent of the leadership changes. many wonder whether hu jintao will attempt to keep hold of some power. delegates meet every five years for congress. they revise the party constitution to include president huh's theory. delegates will select about 200 members of the central committee. they will in turn select a new leader, something that only happens once in a decade. much has already been decided. communist leaders sent out signals for months that vice xi jinping will take over as the party's general secretary. the central committee will select the standing committee, the apex of power in china. nine people currently sit on the board. that could be reduced to seven. of the current members only xi and vice premiere lu are expected to remain. some insist he will retire to give the new leader greater influence over the military and a firmer grip on power. many in and outside china are curious about who will fill all of these leadership roles. a h
delegates are wrapping up their national congress in beijing. behind the scenes some are debating the extent of the leadership changes. many wonder whether hu jintao will attempt to keep hold of some power. delegates meet every five years for congress. they revise the party constitution to include president huh's theory. delegates will select about 200 members of the central committee. they will in turn select a new leader, something that only happens once in a decade. much has already been...
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nhk world's michitaka yamaka in beijing has more. >> reporter: chinese communist party gathered in beijing's great hall of the people to make their long-awaited announcement. they said the national congress will start thursday and run for seven days. the meetings wraps up a ten-year-long, two-term rule of general secretary hu jintao and his associates. they led a nation that has become a global power. china is the world's second largest economy, but it has its share of problems. chinese worry about the widening income disparity between urban and rural areas. they are concerned about the environment and pollution and are angry about widespread corruption among local and national authorities. the case involving bo xilai highlighted this issue. party officials expelled the former head of chongqing city over accusations he abused his power and accepted bribes. he's expected to face criminal prosecution. his wife is already in jail for the murder of a businessman. the communist party wanted to show they take this kind of case and other pressing issues seriously. they are expecting to incorporate
nhk world's michitaka yamaka in beijing has more. >> reporter: chinese communist party gathered in beijing's great hall of the people to make their long-awaited announcement. they said the national congress will start thursday and run for seven days. the meetings wraps up a ten-year-long, two-term rule of general secretary hu jintao and his associates. they led a nation that has become a global power. china is the world's second largest economy, but it has its share of problems. chinese...
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they were trekking on a mountaineer the great wall outside beijing. two women and a man in their 60s and 70s died in the incident. another woman survived, as did the group's chinese guide. the japanese survivor said the group became stuck on the mountain due to a sudden snowstorm. parts of the region have snowfall of more than 50 centimeters, that's the most in over half a century. >>> members of the antiwhaling group sea shepherd have set sail from the coast in australia, setting to protest whaling expeditions. they say they'll confront the whalers in the pacific ocean, instead of the antarctic ocean as in past years. paul watson is said to take part of the operation. he's on interpol's wanted list for skipping bail in germany. sea shepherd activists obstructed whaling activities 12 times during last season's expedition. >>> militants in pakistan have staged another attack against women seeking an education. the targets this time were college students. the attack occurred on a van that was carrying 20 students. they were returning home from their uni
they were trekking on a mountaineer the great wall outside beijing. two women and a man in their 60s and 70s died in the incident. another woman survived, as did the group's chinese guide. the japanese survivor said the group became stuck on the mountain due to a sudden snowstorm. parts of the region have snowfall of more than 50 centimeters, that's the most in over half a century. >>> members of the antiwhaling group sea shepherd have set sail from the coast in australia, setting to...
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nhk world's james tengan is in beijing covering the congress. he told us more about the main players in china's transition of power. >> reporter: we've got an idea who will head up the next generation of leaders. we've heard their names before, xi jinpi xi jinping. we heard their names before and will be hearing them for years to come. they will be chosen for top party posts next week and unveiled to the world. analysts say xi will become president taking over for president hu jintao. >> chinese president xi jinping is 59 years old. communist party leaders named him vice chairman of the central commission in 2010. xi's taken an act i havi role in diploma city as well as domestic affairs. >> xi jinping's pather was a vice premier, so she became part of china's informal network. princelings gain power by taking advantage of their parents and status and ties to influential fingers. but xi didn't have it easy. authorities ousted his father and jailed him during the cultural revolution. xi was forced to work in the countryside as a teenager. he went
nhk world's james tengan is in beijing covering the congress. he told us more about the main players in china's transition of power. >> reporter: we've got an idea who will head up the next generation of leaders. we've heard their names before, xi jinpi xi jinping. we heard their names before and will be hearing them for years to come. they will be chosen for top party posts next week and unveiled to the world. analysts say xi will become president taking over for president hu jintao....
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michitaka yamaka, our beijing correspondent. china's next change comes next year when xi jinping is expected to take over as president and li keqiang should become premier. the hu jintao and wen jiabao era will officially come to a close. now it's up to the next generation of leaders to steer china forward. people we met, the hopeful and the critical, all share an understanding that their country's entering a new phase. we'll continue to watch things unfold here and show you where this dynamic and complex nation is going. but for now, that wraps up our coverage from beijing. i'm james tengan. >> james, thanks. >>> north korean leader kim jong-un has sent a congratulatory telegram to china's new leader, xi jinping. north korea state-run media quoted the telegram as saying xi's election to the post is an indication of the people's trust and expectations at a time when socialism is entering a new stage. the telegram said that kim believes the friendly ties between china and north korea will become stronger, as desired by the people
michitaka yamaka, our beijing correspondent. china's next change comes next year when xi jinping is expected to take over as president and li keqiang should become premier. the hu jintao and wen jiabao era will officially come to a close. now it's up to the next generation of leaders to steer china forward. people we met, the hopeful and the critical, all share an understanding that their country's entering a new phase. we'll continue to watch things unfold here and show you where this dynamic...
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he joins us from beijing. james? >> reporter: gene, this process is carefully choreographed and controlled. chinese authorities are generally restrictive. but the bamboo curtain really comes down during the congress. that makes the job of jury roomism that much harder. still china's political transition is one of the biggest stories going right now. so despite the controls, no media organization wants to miss out. they got up early to get in line outside the great hall of the people. journalists from china and abroad, hundreds of them, all jockeying to get a better position for the opening of the communist party's congress. journalists from around the world have converged on beijing underlying the international community's keen interest on what direction china will take with the changeover in power. chinese government officials say more than 2,700 domestic and international journalists are covering the meeting. media are trying to find out something, anything about this secretive political process. it's not easy. >>
he joins us from beijing. james? >> reporter: gene, this process is carefully choreographed and controlled. chinese authorities are generally restrictive. but the bamboo curtain really comes down during the congress. that makes the job of jury roomism that much harder. still china's political transition is one of the biggest stories going right now. so despite the controls, no media organization wants to miss out. they got up early to get in line outside the great hall of the people....
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really it's just a waiting game here in beijing. everyone is watching to see how the pieces of chine's leadership puzzle will fall into place and who will secure a spot at the top in the politburo standing committee. the politburo standing committee is the communist party's top leadership. experts say it adopts key policy with a majority vote. right now nine of the party's more than 80 million members are in the bureau. that means the fate of a country with a population of 1.3 billion is in the hands of a small group of people. here's how the process will unfold. delegates to the national congress will select about 200 members to be on the central committee. those individuals then meet the day after the congress closes. they choose china's new leadership, the members of the politburo standing committee. now within that group, there's a pecking order. president hu jintao currently sits at the top of the politburo. he is general secretary of the communist party and chairs the central military commission which controls the people's lib
really it's just a waiting game here in beijing. everyone is watching to see how the pieces of chine's leadership puzzle will fall into place and who will secure a spot at the top in the politburo standing committee. the politburo standing committee is the communist party's top leadership. experts say it adopts key policy with a majority vote. right now nine of the party's more than 80 million members are in the bureau. that means the fate of a country with a population of 1.3 billion is in the...
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in washington, 8:00 in the evening in beijing, where the communist party has almost completed the process of handing power over to the next generation of leaders. 2000 party delegates have been meeting for the last week, most of the time behind closed doors. the party congress has now concluded in the coming out of their new leadership lineup. >> as they stepped aside today, the outgoing chinese communist leaders congratulated themselves. under their watch, china has risen so fast that this century is often called china's century. an authoritarian model of the future. many in china, however, were not so confident. the new leadership, rubber stamp, will be unveiled to the world tomorrow with a question, can it continue to keep china's 1.3 billion people excluded from power? there is no sign that the party is willing to engage with those who want real change, like the nobel peace prize winner from china. he remains in this jail for calling for reform. >> people want more reform. people want democracy and freedom. for example, in the constitution it says that people have the right to freedom
in washington, 8:00 in the evening in beijing, where the communist party has almost completed the process of handing power over to the next generation of leaders. 2000 party delegates have been meeting for the last week, most of the time behind closed doors. the party congress has now concluded in the coming out of their new leadership lineup. >> as they stepped aside today, the outgoing chinese communist leaders congratulated themselves. under their watch, china has risen so fast that...
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nhk world's james tengan is in beijing covering the congress. he told us more about the main players in china's transition of power. >> reporter: we've got an idea who will head up china's next generation of leaders. we've heard their names before, xi jinping and li keqiang. and we'll be hearing them for years to come. they'll be chosen for top communist party posts next week and unveiled to the world. analysts say xi will become general secretary, taking over for president hu jintao. chinese vice president xi jinping is 59 years old. communist party leaders named xi vice chairman of the central commission in 2010. xi's taken an active role in diploma city as well as domestic affairs. >> xi jinping's pather was a vice premier, so xi became part of china's informal princeling network. princelings gain power by taking advantage of their parents and status and ties to influential fingers. but xi didn't have it easy. authorities ousted his father and jailed him during the cultural revolution. xi was forced to work in the countryside as a teenager. h
nhk world's james tengan is in beijing covering the congress. he told us more about the main players in china's transition of power. >> reporter: we've got an idea who will head up china's next generation of leaders. we've heard their names before, xi jinping and li keqiang. and we'll be hearing them for years to come. they'll be chosen for top communist party posts next week and unveiled to the world. analysts say xi will become general secretary, taking over for president hu jintao....
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but for now, that wraps up our coverage from beijing. i'm james tengan. >>> u.s. leaders have been tracking china's political transition. president barack obama's administration has watched the chinese economy and military grow and has promised to take a tough stance with china on trade and other economic matters. the obama administration has also closely monitored china's disputes with japan and southeast asian nations over the islands in the east and south china seas. senior officials have refused to take sides. the president announced a year ago he will shift his country's focus to the asia-pacific region. he will have a chance to talk more about that plan over the weekend. obama will begin a four-day tour of southeast asia on saturday. he will be visiting thailand and myanmar and will attend the east asia summit in cambodia. the president promised during his re-election campaign to put more pressure on china to make it meet basic international standards with respect to trade. but analysts say despite his plans the world's top economies are tightly woven togeth
but for now, that wraps up our coverage from beijing. i'm james tengan. >>> u.s. leaders have been tracking china's political transition. president barack obama's administration has watched the chinese economy and military grow and has promised to take a tough stance with china on trade and other economic matters. the obama administration has also closely monitored china's disputes with japan and southeast asian nations over the islands in the east and south china seas. senior...
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decision makers in beijing also know that this is the case they even know what their has to do to be done to reform and to balance but also most of the decision makers in beijing tell me that there is a problem with the leadership that the leadership is more fragmented than before cannot make it make up its mind about how it wants to implement these changes and that there is and i think this is essentially to stress that there is a growing tendency towards towards nationalism and that of course is going to shape china's position in the global scene it will have more domestic pressures as my my colleague already stressed and emphasized but it will also have more expectations from from the world the leaders will be stuck in between and have not much maneuverability at all to make concessions and compromises you know brian what do you think about the the element of nationalism because jonathan got ahead of me and i agree with him completely you know that that's something to let off a lot of steam when you begin to run into some kind of problems at home you can always you know work the f
decision makers in beijing also know that this is the case they even know what their has to do to be done to reform and to balance but also most of the decision makers in beijing tell me that there is a problem with the leadership that the leadership is more fragmented than before cannot make it make up its mind about how it wants to implement these changes and that there is and i think this is essentially to stress that there is a growing tendency towards towards nationalism and that of course...
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nhk world's james tengan is in beijing covering the congress.
nhk world's james tengan is in beijing covering the congress.
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you eunice, thank you for that report from beijing. >>> when we come back, we have a live report from futures pits. we'll see if traders can expect more of the same after yesterday's post-election selloff. first as we head to a break, take a look at yesterday's winners and losers. % we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where
you eunice, thank you for that report from beijing. >>> when we come back, we have a live report from futures pits. we'll see if traders can expect more of the same after yesterday's post-election selloff. first as we head to a break, take a look at yesterday's winners and losers. % we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing...
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nhk world's michitaka yamaka in beijing has more. >> reporter: chinese communist party gathered in beijing's great hall of the people to make their long-awaited announcement. they said the national congress will start thursday and run for seven days. the meetings wraps up a ten-year-long, two-term rule of general secretary hu jintao and his associates. they led a nation that has become a global power. china is the world's second largest economy, but it has its share of problems. chinese worry about the widening income disparate between urban and rural areas. they are concerned about the environment and pollution and are angry about widespread corruption among local and national authorities. the case involving bow shin lie high lated this issue. party officials expelled the former head of chang congress city over accusations he abused his power and accepting bribes. he's expect pd to face criminal prosecution. his wife is already in jail for the murder of a businessman. congress nift party wanted to show they take this kind of case and other pressing issues seriously. they are expecting to in
nhk world's michitaka yamaka in beijing has more. >> reporter: chinese communist party gathered in beijing's great hall of the people to make their long-awaited announcement. they said the national congress will start thursday and run for seven days. the meetings wraps up a ten-year-long, two-term rule of general secretary hu jintao and his associates. they led a nation that has become a global power. china is the world's second largest economy, but it has its share of problems. chinese...
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yes absolutely and what i think when you discuss with diplomats and officials in beijing they are and saw positive about their own diplomacy at all china feels as a as a rising power without friends it's sees itself as a power that is challenged by public opinions and insecurity all over the world and it feels sort of trapped in the new people or order it's really desperate to find new allies and partners now a dad of course inside elicits a very vivid debate in china industry a teacher community and here i think more or less you can discern two schools on the one hand you have faults who argued that peace for allies is not viable and that china should become more assertive bolder in in defending its interests somewhat behave like the united states essentially and then you have another school stressing and pushing for a more conciliatory line more compromises also making more economic concessions especially to the neighborhood my take is that at this very moment most of the new lead leaders still side with with with the second strand with the to school of prudence but that still it re
yes absolutely and what i think when you discuss with diplomats and officials in beijing they are and saw positive about their own diplomacy at all china feels as a as a rising power without friends it's sees itself as a power that is challenged by public opinions and insecurity all over the world and it feels sort of trapped in the new people or order it's really desperate to find new allies and partners now a dad of course inside elicits a very vivid debate in china industry a teacher...
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back then, beijing was low rise with bicycles. beijing now is one big traffic jam with high rises to the horizon, designer shops seem to be on every corner. people here joke the crane is china's national bird. despite all these changes, actually because of them, the big story remains the same-- china's tremendous economic growth. the challenge for china's new leaders, to sustain growth in the face of staggering problems, rampant political corruption, a widening gap between rich and poor, choking pollution, and a populous increasingly discontent about it all. >> they've got so many problems and economy is slowing down, the current economic mod cell running out of steam. they've got no choice but to reform. >> reporter: my first assignment in china was to cover the brutal crackdown on student protesters on tiananmen square. chinese government television told its people and the world there was no conflict, that no one died at tiananmen square. no one here talks about that any more, but pressure for change today comes not from the squ
back then, beijing was low rise with bicycles. beijing now is one big traffic jam with high rises to the horizon, designer shops seem to be on every corner. people here joke the crane is china's national bird. despite all these changes, actually because of them, the big story remains the same-- china's tremendous economic growth. the challenge for china's new leaders, to sustain growth in the face of staggering problems, rampant political corruption, a widening gap between rich and poor,...
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both have become unsustainable sort of fundamental challenge for washington and beijing is to try to rebalance the cause of development in a way that avoids all out trade wars and that especially prevents that economic free public anxiety is going to interment intermingle with nationalism and military power plays that would be really the worst case scenario for both parties know that notwithstanding it is clear that washington has become fairly frustrated with. the way the relations with china develop things haven't really worked out as expected so there has been some sort searching going on but the conclusion has been that there should be more engagement more engagement coupled with there with the terrence and showing where direct lines are ok wait brian if i go to you i mean the interdependency this is what's keeping it together right and if there is any gauge minutes the terms and conditions that's what the chinese have a problem with sometimes. well right i mean let's also put the context the military context for engagement as well of course both militaries engage at some level t
both have become unsustainable sort of fundamental challenge for washington and beijing is to try to rebalance the cause of development in a way that avoids all out trade wars and that especially prevents that economic free public anxiety is going to interment intermingle with nationalism and military power plays that would be really the worst case scenario for both parties know that notwithstanding it is clear that washington has become fairly frustrated with. the way the relations with china...
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beijing police are in lockdown mode. the country's preparing for a change of leadership. party officials want to ensure it goes off without a hitch. >>> and autonomy deal has paved the way for peace in the southern philippines, but will the deal hold? we'll take an in-depth look. >>> a piece of cinema history has risen from the ashes. it wiped out cambodia's film industry. a new documentary has rediscovered some forgotten classics. >>> first, the main news. security's tight in beijing. the communist party is opening its national congress on thursday. the delegates will approve a group of leadership in charge of the world's most populous country for the next ten years. party delegates gather for the congress every five years, but the leadership change is a once in a decade event. preliminary meetings are already under way. members of the party's central committee assembled on thursday. their job, to prepare the reports to the national congress in a draft of party rules. analysts say those taking part are engaged in last-minute bargaining over who should be included in the
beijing police are in lockdown mode. the country's preparing for a change of leadership. party officials want to ensure it goes off without a hitch. >>> and autonomy deal has paved the way for peace in the southern philippines, but will the deal hold? we'll take an in-depth look. >>> a piece of cinema history has risen from the ashes. it wiped out cambodia's film industry. a new documentary has rediscovered some forgotten classics. >>> first, the main news. security's...
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we have this report from beijing. >> he came to beijing 14 years ago as a migrant worker. he collects ravished. his earnings support his parents back home as well as his own family. he collects everything that can be recycled and sells it on to middlemen. they, too, are migrant workers. this is where he and his family live. down in the basement of this tenement blocks. he cannot afford a proper home. the damp cellar is divided into compartments, and his family's spot is below the stairs. he and his wife sleep on the bed with one of his sons. the others have to sleep on the floor. all around 100 people share the bathroom and toilet. an estimated 1 million people across the city live in similar conditions. >> of course we feel this is unfair. after all, we build all these large apartment blocks, and yet, there'sfor us. we even have to fight for this small space here. authorities often clear the basements, so we migrant workers are grateful to find any living space at all. >> a few blocks away, china's elite stutz the week at a popular beijing by. the interior was designed by
we have this report from beijing. >> he came to beijing 14 years ago as a migrant worker. he collects ravished. his earnings support his parents back home as well as his own family. he collects everything that can be recycled and sells it on to middlemen. they, too, are migrant workers. this is where he and his family live. down in the basement of this tenement blocks. he cannot afford a proper home. the damp cellar is divided into compartments, and his family's spot is below the stairs....
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the president calls on china's new leaders to turn the country into a major naval forces beijing begins a once in a decade communist power transfer. international news and comment live from our new center here in moscow this is r.t. we've got exclusive access to the syrian president who continues to govern from damascus in defiance of foreign calls to step down bush on assad condemning those calls and warned against outside intervention in syria my colleague he said now we spoke to ortiz sophie shevardnadze who interviewed the embattled leader in his capitol. hill had a chance to speak about fifteen minutes before the interview very educated very down to and definitely not. contrary to what people like people praise him in the media very well informed he feels like i think that this whole thing that's happening is like a cancer that either he has to beat or he has to die of it but there is no other way out when what we're talking about western leaders telling him to step down i mean it kind of sounds ridiculous because he really has nowhere to go like when he were to step down where wou
the president calls on china's new leaders to turn the country into a major naval forces beijing begins a once in a decade communist power transfer. international news and comment live from our new center here in moscow this is r.t. we've got exclusive access to the syrian president who continues to govern from damascus in defiance of foreign calls to step down bush on assad condemning those calls and warned against outside intervention in syria my colleague he said now we spoke to ortiz sophie...